It’s been a rollercoaster week in the markets as investors digested mixed messages from the data. While the job market remains healthy, consumers held onto their cash in January, suggesting all is not well in America.
The best performing sector as of midday Friday is the Materials sector, higher by 0.8%. Within that group, Vulcan Materials Co (Symbol: VMC) and Albemarle Corp. (Symbol: ALB) are two of the day's stand-outs, showing a gain of 6.2% and 5.4%, respectively. Among the high volume
The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 0.3% loss. Within that group, Adobe Inc (Symbol: ADBE) and Western Digital Corp (Symbol: WDC) are two large stocks that are lagging, showing a loss of 5.3% and 3.1%, respec
In trading on Friday, shares of Pennymac Mortgage Investment Trust's 6.75% Series C Cumulative Preferred Shares (Symbol: PMT.PRC) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands as low as $19.78 on the day.
In trading on Friday, shares of US Bancorp's 3.75% Dep Shares Non-Cumulative Perpetual Preferred Stock Series L (Symbol: USB.PRQ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $0.9375), with shares changing hands as low as $16.99 on the day.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Broadcom Inc (Symbol: AVGO), where a total of 28,808 contracts have traded so far, representing approximately 2.9 million underlying shares. That amounts to about 105% o
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Eli Lilly (Symbol: LLY), where a total volume of 104,065 contracts has been traded thus far today, a contract volume which is representative of approximately 10.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in McDonald's Corp (Symbol: MCD), where a total of 22,854 contracts have traded so far, representing approximately 2.3 million underlying shares. That amounts to about 63.2
Investors eyeing a purchase of Valaris Ltd (Symbol: VAL) stock, but tentative about paying the going market price of $63.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the
Investors considering a purchase of NAPCO Security Technologies, Inc. (Symbol: NSSC) stock, but tentative about paying the going market price of $44.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put co
Investors eyeing a purchase of United Therapeutics Corp (Symbol: UTHR) stock, but cautious about paying the going market price of $215.92/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in part
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.51%. Stock indexes this morning are under pressure as bond...
When a country enters a recession, it signifies a significant economic downturn characterized by a contraction in economic activity. Events potentially facing the GBP are rising unemployment, reduced consumer spending, government intervention, and currency volatility. Adding to the selling pressure of the GBP will be a near-perfect seasonal pattern to sell as Britain heads into the end of its fiscal 4th quarter.
In trading on Friday, the Lithium ETF is outperforming other ETFs, up about 3.2% on the day. Components of that ETF showing particular strength include shares of Albemarle, up about 6.6% and shares of Lithium Americas, up about 1.8% on the day.
Ingersoll Rand Inc. IR reported fourth-quarter 2023 adjusted earnings of 86 cents per share, surpassing the Zacks Consensus Estimate of 76 cents. The bottom line increased 19.4% year over year.Total revenues of $1,821.4 million ou
Investors in Alphabet Inc (Symbol: GOOG) saw new options become available today, for the November 15th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 273 days until expiration the newly available contrac
In trading on Friday, television & radio shares were relative laggards, down on the day by about 1.9%. Helping drag down the group were shares of Ondas Holdings, down about 10.1% and shares of Liberty Global off about 9.2% on the day.
In trading on Friday, investment brokerages shares were relative leaders, up on the day by about 0.5%. Leading the group were shares of Pra Group, up about 17.7% and shares of Gcm Grosvenor up about 4.3% on the day.